« previous next »
Pages: [1]   Go Down

Author Topic: Smith & Wesson profit doubles, beats Street view  (Read 950 times)

0 Members and 1 Guest are viewing this topic.

Offline thundley4

  • Hero Member
  • *****
  • Posts: 40571
  • Reputation: +2222/-127
Smith & Wesson profit doubles, beats Street view
« on: June 23, 2009, 07:07:00 PM »
Quote
(Reuters) - U.S. firearms maker Smith & Wesson Holding Corp's (SWHC.O) quarterly profit more than doubled and topped estimates, as demand for its handguns and tactical rifles remained strong.

For the fourth quarter ended April 30, the Springfield, Massachusetts-based company posted a net profit of $7.4 million, or 14 cents a share, compared with $3.3 million, or 8 cents a share, last year.

Smith & Wesson, which rivals with Ruger and Taurus for revolvers and Glock, Ruger and Springfield Armory for pistols, said its firearms backlog increased to $268 million by the end of April.
Link

It's nice to see that at least one company is doing well under the 0Bamaconomy.
Logged

Offline rich_t

  • Hero Member
  • *****
  • Posts: 7942
  • Reputation: +386/-429
  • TANSTAAFL
Re: Smith & Wesson profit doubles, beats Street view
« Reply #1 on: June 24, 2009, 02:23:50 PM »
Logged
"The American people will never knowingly adopt socialism. But, under the name of 'liberalism,' they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened." --Norman Thomas, 1944

Offline Chris

  • Administrator
  • Hero Member
  • *****
  • Posts: 1476
  • Reputation: +522/-16
Re: Smith & Wesson profit doubles, beats Street view
« Reply #2 on: June 24, 2009, 02:25:49 PM »
:lmao: I don't think we're going to see that hanging in the Oval Office any time soon.
Logged
This post is disruptive, hurtful, rude, insensitive, over-the-top, or otherwise inappropriate.

Offline DumbAss Tanker

  • Hero Member
  • *****
  • Posts: 28493
  • Reputation: +1707/-151
Re: Smith & Wesson profit doubles, beats Street view
« Reply #3 on: June 25, 2009, 02:52:55 PM »
S&W management pissed in their own cornflakes during the Clinton years, it has taken a long time for the RKBA guys to forgive them.  It looks like Barry has accomplished at least one positive thing, however unintentionally.
Logged
Go and tell the Spartans, O traveler passing by
That here, obedient to their law, we lie.

Anything worth shooting once is worth shooting at least twice.

Offline GOBUCKS

  • Hero Member
  • *****
  • Posts: 24186
  • Reputation: +1812/-338
  • All in all, not bad, not bad at all
Re: Smith & Wesson profit doubles, beats Street view
« Reply #4 on: June 25, 2009, 07:58:41 PM »
There may be different people in charge now, but it still makes me angry to see the S&W logo, and as much as I like some of their weapons, I'd never buy one. When they got in bed with the Clintons on gun control, the Smith and Wesson name died forever for me. Much the same as when Bill Ruger agreed with democrats on outlawing high capacity magazines in the "assault weapons ban". (But I still gotta have Rugers.) As far as S&W is concerned, at least one RKBA guy will never forgive them.

It was also easy to develop a distaste for S&W clear back into the 70s, when they artificially starved the civilian market to drive up prices. I dearly wanted a S&W Model 41 at that time, but they were extremely difficult to find, and sold for at least double list price. I instead bought a High Standard Military Trophy, and as far as I'm concerned it turned out to be a better piece than the Smith anyway.
Logged
Pages: [1]   Go Up
« previous next »